Sinopec, which is keeping in line with the trend of economic globalization and China's opening up to the outside world, has accelerated its pace of "going global" through its "Belt and Road Initiative" (BRI) work. In the process it has given full play to its advantages in oil and gas exploration and development; petroleum and petrochemical engineering technical services; trade of oil and chemical products as well as equipment and materials; warehousing investment and other fields; and engaged in mutually beneficial cooperation with various countries and regions for the sustainable development of the global economy and society. In 2021, Sinopec had 277 overseas projects in 66 countries and regions.